About 40% of an Australian household's energy consumption is used for heating and cooling, while conventional water heaters account for about 25%. With these statistics in mind, more and more Australians are looking for better and more affordable alternatives and starting their journey with searches such as prices for solar panels in Sydney.
It can be said that giving up limited resources is having such an impact that 82% of Australians see renewable energy as the key to a greener future, while 67% are already planning to switch to solar systems.
Given these numbers, wouldn't you go for options that can help you cut energy bills as well?
Why switch to solar energy now?
Using solar energy saves users in NSW billions of dollars, according to a recent study by Energy Synapse. In fact, households with an average solar system could save over $ 200 a month, or a whopping $ 2,500 a year, on their utility bills.
This trumps the biggest energy policy myth that solar power only drives up energy costs. In fact, using solar panels is helping households across the state save billions by relieving pressure on electricity prices.
Average cost of high quality solar systems
Solar panel prices in Sydney and the rest of Australia have plummeted over the past decade. This is one of the main reasons that the country currently has the highest rate of solar panel installations in households in the world, which is around 30%.
When thinking about moving to renewable energy, keep in mind that there are other factors to consider besides solar panels. Then there is the question of the mounting system, the inverter and the installation costs.
However, to give you a rough idea of how much you need to purchase a high quality solar system, take the Solaray 8kW solar power system as an example. Our 8 kW solar power system starts at around $ 7,000 to $ 8,000 to be fully installed. This is already including a high-quality European inverter, premium solar panels and a standard installation.
A gentle reminder that while it is possible to find cheaper 8kW solar systems on the market, expect low- or mid-range panels made in China that often come with no after-sales support can be. In short, the cost of installing top quality, high ROI solar systems still depends on your electricity needs, lifestyle, energy consumption habits, and even your house layout.
How much can i save?
Energy cost savings through reliable solar power are subjectively dependent on the size of the systems you use. For example, our 8kW solar power system can save you around $ 3,400 a year on your utility bills. In the meantime, a 10 kW solar system can save you over $ 4,000 a year depending on how much solar power you can use.
In fact, if Sydney has long days and great weather all the time, you can expect your utility bills to be completely eliminated in the long run. The same is true if you decide to install a larger solar system – considering that it suits your house layout.
Here, too, the savings can rely on the details. While there are standards you can use as a basis, remember that there are different factors that are unique to each household. If you want to get the most out of a solar system, make sure that it is tailored to the specific electricity needs and the circumstances of your household.
Other benefits of investing in solar
As of March this year, there were around 2.77 million small solar power systems in Australia. This is evidence that more and more homeowners are looking past Sydney overhead solar panel prices and realizing the many benefits of using renewable energy. In addition to financial benefits, there are a few other reasons why you should also think about solar systems:
- Reduce CO2 emissions
- Elimination of greenhouse gases and other toxic substances
- Support the local business and keep the economy going
Talk to us
If you're ready to take advantage of solar power, why not join Australia's leading solar power installer? Look no further than Solaray Energy.
In addition to our famous hassle-free installation service, you can rest assured that your solar system will also come with configuration, remote monitoring and technical support from our dedicated online support team. Get a quote on solar power today.
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